Nevada Copper Corp NEVDQ

Trumponomics —are likely to cause a flare-up in inflation

[Dragonflyinvest]

Putting aside Joe Biden’s historic and courageous decision to leave the race, once more demonstrating that greed and personal profit are not the essential qualities of the American people, as copper investors we need to take a closer look at what Trump is proposing for the economy. 

“Key policies that undergird so-called Trumponomics — a combination of tariffs, tax cuts and a crackdown on immigration — are likely to cause a flare-up in inflation, according to many Wall Street economists. That would be a painful outcome for consumers and businesses sapped by more than two years of surging prices. More broadly, renewed inflationary pressures would also come as inflation is finally inching closer to the Federal Reserve's goal of 2% per year.
 
But experts warn that Trump's economic policies could cause such progress to stall, and even reverse. They note that tariffs effectively act as a consumption tax, increasing the cost of goods imported into the U.S. — costs that businesses typically pass on to consumers.

In such a case, the Fed could be forced to keep its benchmark rate higher for longer, causing more pain for consumers and businesses seeking mortgages, auto loans or other credit products.

Trump says he'll end the "inflation nightmare." Economists say Trumponomics could drive up prices. - CBS News